Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on July 24th

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be given a dividend of 0.08 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, July 24th.

Gladstone Investment has raised its dividend payment by an average of 0.1%per year over the last three years. Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Investment to earn $0.92 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 104.3%.

Gladstone Investment Price Performance

Shares of GAIN opened at $16.54 on Wednesday. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14. The company has a market capitalization of $658.62 million, a price-to-earnings ratio of 3.53 and a beta of 0.78. The business has a 50-day moving average of $15.75 and a 200-day moving average of $14.93.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The company had revenue of $25.19 million during the quarter, compared to analyst estimates of $25.80 million. As a group, sell-side analysts anticipate that Gladstone Investment will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Gladstone Investment

A number of large investors have recently bought and sold shares of GAIN. Kestra Advisory Services LLC bought a new stake in Gladstone Investment in the fourth quarter valued at $26,000. International Assets Investment Management LLC acquired a new stake in shares of Gladstone Investment in the 4th quarter valued at about $31,000. JPMorgan Chase & Co. grew its stake in shares of Gladstone Investment by 960.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after buying an additional 4,804 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Gladstone Investment in the 2nd quarter valued at about $105,000. Finally, Bank of America Corp DE increased its position in Gladstone Investment by 272.1% in the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after buying an additional 6,542 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.